Gasoline Falls to $1.75 Per Gallon
Gasoline prices continued their free-fall in February as the national average price dropped 6.3 cents to $1.759 for the week ending Feb. 8 due to falling oil prices now hovering between $31 and $34, federal records show.
Photo courtesy of Wikimedia.
Photo courtesy of Wikimedia.
Gasoline prices continued their free-fall in February as the national average price dropped 6.3 cents to $1.759 for the week ending Feb. 8 due to falling oil prices now hovering between $31 and $34, federal records show.
Gasoline is now 43.2 cents lower than it was a year ago, and continues to fall across the board among regions tracked by the U.S. Energy Information Administration. Among the nine regions tracked by the agency, gasoline fell most sharply in the Midwest and on the West Coast. Midwest gasoline fell 10.4 cents to $1.518, while West Coast gasoline fell 6.3 cents to $2.312.
There are now six states with gasoline prices of at least $2 per gallon. Hawaii ($2.627) and California ($2.504) lead the list, while Oklahoma ($1.415) now offers the cheapest gasoline, according to the AAA's Daily Fuel Gauge Report.
Meanwhile, the national average price of diesel fuel fell 2.3 cents to $2.008 per gallon. Diesel is now 82.7 cents lower than it was a year ago.
More Fuel
October Fuel Trends Show Diverging Gasoline and Diesel Prices
Get the latest fuel trends from October.
Read More →
Fuel Prices Surge in September | September Fuel Update
September brought major fuel price swings, including diesel crossing $6 a gallon. Here’s how gas and diesel prices changed throughout the month, and where they stood heading into October.
Read More →
Turning Fleet Payment Data into Executive Insights
Ramel Lindsay of U.S. Bank Voyager discusses how fleets can transform payment and transaction data into actionable intelligence to reduce costs, improve oversight, and support executive decision-making.
Read More →
Why the IRS Raised Its Mileage Rate in the Middle of 2026
Fuel-price volatility drove the rare increase to 76 cents per mile, the fifth midyear adjustment since 2000.
Read More →
July Fuel Update: Prices Keep Rising in Light of More Conflict
Gas prices continue to rise as more and more conflicts do, too.
Read More →
Bob Adamsky on Fuel Volatility: "Don't Panic, Have a Plan."
When it comes to up and down fuel prices, Adamsky has a message for fleets: “Don’t panic.”
Read More →
How Fleets Can Gain Control of Non-Fuel Spend
Fuel often gets the spotlight, but non-fuel expenses can have a major impact on fleet costs. Ramel Lindsay of U.S. Bank Voyager discusses how fleets can gain better visibility and control over these often-overlooked expenditures.
Read More →
Fuel is Just the Start: How Middle East Tensions are Driving Up Fleet Maintenance Costs
The Middle East conflict is doing more than pushing up fuel prices. It’s also raising the cost of key maintenance products your fleet depends on, from motor oil to tires to windshield wipers. Here’s what you need to know about this budget-busting situation.
Read More →
June Fuel Update: Prices Fall Below $4
Drivers are finally getting some relief at the pump. The national average gas price has dropped below $4 a gallon for the first time in months, with prices falling in 47 states as oil markets react to developments in U.S.-Iran negotiations.
Read More →
Study: How 2026's Gas Price Hikes Affect Different Vehicle Types
New data from iSeeCars reveals how rising fuel costs have affected different vehicle segments as gasoline prices climbed nearly 46% over the past four months.
Read More →